In last week, STI falls 35 points from the opening of 2675 and close lower at 2640. A black candle sticks with long lower shadow indicates that investors are buying on dip to 2523 support.

Key Economics Data report:

Over the past weeks, investors are tired from the slow progress on the Europe leaders in solving their debt issues. However investors will be focusing on something else in the coming week which is the Q3 earnings report.

Could Q3 earning results drive the stock market higher? Or will Europe’s woes continue to get in the way?

The past week sharp rally was mainly helped by improved hopes that Europe will get a handle on the euro-zone debt crisis. That thinking actually triggered bears who were forced to buy shares to avoid losing money. Thus even if Q3 earnings are better than anticipated, stocks may face a stiff test in climbing ...